How dose the house always win? Are they simply cheating?
In: Mathematics
The odds are always in the houses favor. Roulette has black spaces and red spaces. So the odds of winning (assuming you bet on a color) would be 50/50. House would break even. But wait… there are two green spaces as well. So those odds drop to 18/38 of winning. So the house has the statistical advantage.
Same thing with slot machines. They are programmed to pay out at a certain rate. Overall they are programmed to pay out less than they take in.
Blackjack is similar. The dealer hits or stays based on the number they have (17 is where they stay). The odds of getting a card combination higher than 17 but less than or equal to 21 is less likely than busting.
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